Construction Loan Administration Services
Midland offers a full range of third-party construction loan administration services. Our Construction Loan Administration group gives clients an effective and efficient mechanism to administer construction loans and manage their construction lending risk.
Our proven experience includes out-of-the-ground office, retail, hospitality, residential and multifamily housing construction; condominium conversions; major mall rehabilitations, phased expansions and out-parcel developments; substantial renovations; and distressed property asset administration.
For new projects, we are typically engaged prior to closing, at which time we complete a document and budget review, participate in closing activities and attend the initial planning meeting. Our post-closing services include construction and budget monitoring, disbursement administration, title management, loan servicing, and reporting. We maintain a strong risk management focus with a particular emphasis on mitigating contractual, budget, design and scheduling risks and have experience in the management, resolution and disposition of under-performing and defaulted construction loans.
For statistics on our Construction Loan Administration portfolio, please check out our Fact Sheet.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions (including PNC Bank, National Association and its subsidiaries) to obtain, verify, and record information that identifies each person who establishes a formal relationship with such institution. What this means for you -- when you enter into a business relationship with PNC Bank, we will ask you your name, street address, tax ID number and other pertinent information that will allow us to identify you. We may also ask to see your organizational documents or other identifying information. We appreciate your business and patience with our compliance efforts.